CIBC Mellon is expanding its coverage in the Province of Quebec to support growing regional client needs. The Quebec expansion follows the company’s expansions in Mississauga in 2016 and Winnipeg in 2019. CIBC Mellon has appointed Michael Graham to lead the provincial growth strategy. The first phase of the company’s plan expands its bilingual relationship…
Category: Bank Providers
State Street combines FX platforms
State Street has combined its FX execution and post-trade platforms – FXConnect, Currenex and TradeNeXus – into a single platform, GlobalLink FX.
Northern Trust & Emerald to deploy Broadridge Private Market Hub
Northern Trust and Emerald Technology Ventures have agreed to deploy the Broadridge Private Market Hub to improve visibility and reduce transaction friction to interact in real-time for Guernsey-domiciled funds. The hub, which was originally developed by Northern Trust, was transferred to Broadridge Financial Solutions, Inc. in 2019. It uses DLT to help solve the challenge…
BP2S upgrades FX services in APAC
An automated FX solution implemented by BNP Paribas Securities Services for Northcape Capital, an Australian fund manager, provides a new way for asset managers to manage FX transactions involving multiple financial services providers. BP2S was appointed by Northcape Capital to manage the FX execution of a range of developed market currencies across its portfolio of…
Northern Trust hires in Switzerland
Northern Trust has appointed Neda Derlokova as a business development manager in Switzerland. This follows Northern Trust’s regulatory approval earlier this year to offer local custodian, depositary, transfer agency and ancillary services to institutional investors and managers in the Swiss market. Derlokova joins from CACEIS.
U.S. Bank links ETF clients to ICE ETF Hub
U.S. Bank is to offer its clients access to Intercontinental Exchange’s ICE ETF Hub, which provides electronic access to the ETF primary market. ICE ETF Hub, which recently surpassed USD1trn in notional create/redeem orders, is an industry-wide, open architecture technology solution, offering a standardised and simplified process for the creation and redemption of ETF shares.…
State Street names new chief risk officer
State Street has named Brad Hu its chief risk officer, effective January 1, 2022. Hu succeeds Andrew Kuritzkes, who is retiring from State Street. Hu was previously the chief risk officer at Citigroup.
U.S. Bank to administer Bitcoin futures ETF for Valkyrie
U.S. Bank has been appointed by Valkyrie Funds, LLC, a U.S. manager focused on the digital asset class, to provide fund administration services for the recently launched Bitcoin Strategy ETF. The futures contracts held by the fund are cash delivered and available from CME Group. The fund is the first in a planned suite of…
State Street hires senior managers for Australia & SE Asia
State Street has appointed Tim Helyar as head of Australia and Kevin Hardy as head of Singapore and Southeast Asia. Both report to Mostapha Tahiri, chief executive officer for Asia Pacific. Helyar joins after almost two decades at J.P. Morgan Investor Services where he was most recently head of fund services product development for Asia…
Fidelity mandates SGSS for securities lending
Société Générale Securities Services in France has been mandated by Fidelity International to provide securities lending services. The asset management company, FIL Gestion – Fidelity International, has been a client since 2011. Fidelity International is an independent company providing investment solutions and services, as well as retirement-related expertise, to more than 2.5 million clients worldwide.…